Business Context and Reporting Period
Palmer Square Capital BDC Inc. filed a Form 8-K on December 13, 2023, reporting matters approved at its December 12, 2023 annual meeting of stockholders. The company is an emerging growth company and had 26,665,813 shares eligible to vote as of the November 10, 2023 record date.
Financial and Operating Metrics
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial performance metrics. It states that PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2023.
Material Changes Versus Prior Period
The filing does not report a comparable-period financial performance or material operating change. Stockholders approved an amendment to Article IX of the company’s Articles of Amendment and Restatement concerning the exclusive forum selection provision.
Meeting Results, Outlook, and Risks
- Of the eligible shares, 17,100,445 shares, or approximately 64.1%, were voted in person or by proxy.
- Christopher C. Nelson was elected as a Class II director to serve until the 2026 annual meeting or until a successor is elected and qualified. The vote was 17,100,445 for and zero withheld.
- PricewaterhouseCoopers LLP’s appointment was ratified unanimously: 17,100,445 for, zero against, and zero abstentions.
- The exclusive forum selection amendment was approved with 17,078,452 votes for, 21,992 against, and zero abstentions.
- The filing provides no management guidance, financial outlook, contingencies, or unusual financial items.
Important Facts to Verify
- Confirm the final effectiveness and operative language of the Article IX exclusive forum selection amendment.
- Review the company’s subsequent annual report for fiscal-year 2023 financial results and audited disclosures.
- Verify the composition and tenure of the board following Christopher C. Nelson’s election.
- Confirm the independent auditor’s report and any subsequent auditor-related disclosures.